In 2011, more than 2,400 large-scale printing companies created half of China's printing industry's output value, accounting for only 2.4% of the number of Chinese printing companies. Wang Yanwei, director of the Printing and Distribution Management Department of the General Administration of the People's Republic of China, commented: “The scale enterprises have become the main force in the development of China's printing industry, and the degree of intensification of China's printing industry has increased significantly.†The number of Chinese printing companies has also increased from ten years. The former 160,000 have dropped to more than 100,000 today.
The increase in industry concentration has benefited from major changes in management systems and mechanisms. At the end of 2001, China’s accession to the WTO was not yet full, and the China Printing Group began preparations. The historic transformation of the printing industry’s “separation of government and enterprise, separation of management and management†was initiated. . In February 2003, China Printing Corporation, China Printing Materials Corporation and China Printing Science and Technology Research Institute and other units officially decoupled from the General Administration and formed the China Printing Group. Subsequently, the local printing factory was decoupled from the affiliated press and publication bureau and reorganized to form the printing group.
After ten years of development, there are currently 12 printing groups in cities above the central and provincial (district, city) and above. The reform of the institutional mechanism has brought vitality to the group. For example, Liaoning News Printing Group, a newspaper printing group, has transformed itself into a top 100 national enterprise from the loss-making households of the year.
The increase in industry concentration has benefited from the prosperity of the capital market. Since the 1990s, only three companies in the printing industry have been listed – Jielong Industry, Shaanxi Jinye and Zijiang Enterprises. At the beginning of the 21st century, Yuehua Bao B and Yongxin Co., Ltd. were listed. Since 2007, printing and packaging companies have been listed as “blowoutâ€, with companies listed every year. Guangbo, Donggang, Jinjia, Hexing Packaging, Hongbo, COFCO Packaging, Li Peng, Shengtong Printing Yao Ji Poker and Dongfeng shares have been listed one after another, and some state-owned publication printing companies have been listed with their respective publishing groups.
Many companies have raised the funds needed for development through listing, and embarked on the road of scale development. The Zijiang enterprises that were listed earlier had a revenue of 1.8 billion yuan in 2002 and a year-on-year increase of 8.2 billion yuan in 2011, more than quadrupling. Hexing Packaging has implemented a standardized factory model through raising funds. It has four subsidiaries since its launch in 2008 and has grown to 27 subsidiaries in 2012.
The increase in industry concentration has benefited from major changes in management systems and mechanisms. At the end of 2001, China’s accession to the WTO was not yet full, and the China Printing Group began preparations. The historic transformation of the printing industry’s “separation of government and enterprise, separation of management and management†was initiated. . In February 2003, China Printing Corporation, China Printing Materials Corporation and China Printing Science and Technology Research Institute and other units officially decoupled from the General Administration and formed the China Printing Group. Subsequently, the local printing factory was decoupled from the affiliated press and publication bureau and reorganized to form the printing group.
After ten years of development, there are currently 12 printing groups in cities above the central and provincial (district, city) and above. The reform of the institutional mechanism has brought vitality to the group. For example, Liaoning News Printing Group, a newspaper printing group, has transformed itself into a top 100 national enterprise from the loss-making households of the year.
The increase in industry concentration has benefited from the prosperity of the capital market. Since the 1990s, only three companies in the printing industry have been listed – Jielong Industry, Shaanxi Jinye and Zijiang Enterprises. At the beginning of the 21st century, Yuehua Bao B and Yongxin Co., Ltd. were listed. Since 2007, printing and packaging companies have been listed as “blowoutâ€, with companies listed every year. Guangbo, Donggang, Jinjia, Hexing Packaging, Hongbo, COFCO Packaging, Li Peng, Shengtong Printing Yao Ji Poker and Dongfeng shares have been listed one after another, and some state-owned publication printing companies have been listed with their respective publishing groups.
Many companies have raised the funds needed for development through listing, and embarked on the road of scale development. The Zijiang enterprises that were listed earlier had a revenue of 1.8 billion yuan in 2002 and a year-on-year increase of 8.2 billion yuan in 2011, more than quadrupling. Hexing Packaging has implemented a standardized factory model through raising funds. It has four subsidiaries since its launch in 2008 and has grown to 27 subsidiaries in 2012.
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